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610 Riverside Drive, New Yo...

Beki Saljhi Acquires Multifamily Property On Riverside Dr. In Manhattan For $8.75M
SOLDMultiFamily

Beki Saljhi Acquires Multifamily Property On Riverside Dr. In Manhattan For $8.75M

610 Riverside Drive, New York City, New York 10031, United States

$8,750,000

$140/SF

Building Size

62,388 SF

Asset Type

MultiFamily

Closing

Sep 7, 2022

AI

Located in Manhattan's Riverside Dr., a multifamily property at 610 Riverside Dr. has been sold in a recent transaction. The sale was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $8,750,000
  • Square Footage: 62,345
  • Price Per Square Foot: $140
  • Market: Manhattan

The buyer of the property is Beki Saljhi, while the seller is Meir Bouskilla. Representing both parties in the deal, Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group played key roles in facilitating the transaction.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

204 deals

Broker

Beki Saljhi

Buyer

$17.5M

vol

2 deals

Buyer

Meir Bouskilla

Seller

$17.5M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93